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Automotive Airbags And Seatbelts Market Trends, Top Companies, Share, Growth And Forecast 2033
Automotive Airbags And Seatbelts Market Trends
As per the report, the automotive airbags and seatbelts market size has grown strongly in recent years. It will grow from $32.08 billion in 2023 to $34.62 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The automotive airbags and seatbelts market size is expected to see rapid growth in the next few years. It will grow to $47.17 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%.
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Impact Of Rising Vehicle Production On The Automotive Airbags And Seatbelts Market
Rising vehicle production is expected to propel the growth of the automotive airbags and seatbelts market going forward. The rise in vehicle production is fueled by rising demand for electric and hybrid vehicles, alongside the emerging trend of autonomous vehicles set to transform the transportation sector. Automotive airbags and seatbelts are essential safety features in vehicles, designed to minimize injury risks by restraining occupants and cushioning impacts during accidents. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group of the automobile industry, in 2022, global motor vehicle production reached 85.4 million units, marking a 5.7% growth compared to the previous year. Therefore, rising vehicle production will drive the growth of the automotive airbags and seatbelts market.
Innovations In Smart Seat Belt Technology In The Automotive Industry
Major companies operating in the automotive airbags and seatbelts market are focusing on developing smart seat belt technology to enhance vehicle safety, improve occupant protection, and comply with evolving regulatory standards. Smart seat belt technology refers to advanced systems integrated into seat belts that enhance safety and functionality beyond traditional restraints. For instance, in January 2024, ZF Friedrichshafen AG, a Germany-based technology manufacturing company, introduced an innovative smart seat belt technology featuring the multi-stage load limiter (MSLL) that significantly improves the adaptability of belt force limitations based on the size and body weight of vehicle occupants. The MSLL enables individual system adjustments to help reduce the consequences of accidents for all occupants and enables car manufacturers to meet the increased requirements of the NCAP Roadmap 2030. The system has a multi-stage design that varies restraining forces more effectively throughout the entire crash sequence, ensuring a tailored response to individuals of different statures by controlling belt forces appropriately.
The automotive airbags and seatbelts market covered in this report is segmented -
1) By Airbag Types: Frontal Airbags, Knee Airbags, Side Or Curtain Airbags
2) By Seatbelt Type: 2 Point , 3 Point , 5 Point , Other Seatbelt Types
3) By Vehicle Types: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCVS)
4) By Sales Channels: Original Equipment Manufacturer (OEM), Aftermarket
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Major companies operating in the automotive airbags and seatbelts market are Robert Bosch GmbH, DENSO Corporation, ZF Friedrichshafen AG, Continental AG, The Hyundai Motor Group, Mitsubishi Electric Corporation, Faurecia SE, Lear Corporation, Aptiv Plc., Autoliv Inc., Toyoda Gosei Co. Ltd., Tokai Rika Co. Ltd., Daicel Corporation, TS Tech Co. Ltd., Nihon Plast Co. Ltd., Key Safety Systems (KSS), Ashimori Industry Co. Ltd, Nihon Tokushu Toryo Co. Ltd., Delphi Automotive, Goradia Industries, Far Europe Holding Limited, Hayakawa Rubber Company
Contents of the report:
1. Executive Summary
2. Automotive Airbags And Seatbelts Market Report Structure
3. Automotive Airbags And Seatbelts Market Trends And Strategies
4. Automotive Airbags And Seatbelts Market - Macro Economic Scenario
5. Automotive Airbags And Seatbelts Market Size And Growth
…..
27. Automotive Airbags And Seatbelts Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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